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Facebook Is A Greedy PIG

by goindeep
41 replies
Is it just me or is facebook a greedy little piglet?

Some facebook fan pages and groups hold millions of responsive fans and many have hundreds of thousands of fans and group members.

So then why is facebook not sharing ad revenue with the administrators of these pages and groups like some of the other web companies do?
#facebook #greedy #pig
  • Profile picture of the author Will 033
    Because it's Facebook...

    That's a good idea actually, and Facebook could make a membership thing for groups where they pay $xx a month and they get 20 - 50% of the amount per month generated from ad clicks on their page.
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    • Profile picture of the author goindeep
      Exactly! And if they where smart they would do it before a newcomer does or a competitor does.
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      • Profile picture of the author Will 033
        Originally Posted by goindeep View Post

        Exactly! And if they where smart they would do it before a newcomer does or a competitor does.
        Well if a newcomer does that and can actually build a good site, they'll become a big competitor...

        Although if another company does that then Facebook might introduce it aswell and then Facebook would be back to most dominant (I think) because not everyone will trust the new site, and when publishers go back to Facebook, the people will aswell, although a few publishers might stay if they have big groups built.
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      • Profile picture of the author joseph7384
        Originally Posted by goindeep View Post

        So then why is facebook not sharing ad revenue with the administrators of these pages and groups like some of the other web companies do?

        Why do you feel having this entitlement, they can run it how they see fit.



        Originally Posted by goindeep View Post

        Exactly! And if they where smart they would do it before a newcomer does or a competitor does.

        There already are social platforms that share revenue.
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  • Profile picture of the author NewParadigm
    I'm shocked an open source FB alternative hasn't become popular yet. I think it will in the near future as FB is imposing on its users w/ big brother and monetization efforts.
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  • Profile picture of the author quit9to5
    The day Facebook went public was the day it become more important about the stockholders rather than all the people who make Facebook what it is today!
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    • Profile picture of the author goindeep
      Well Google is a public company and it has a revenue sharing model, so does Amazon.
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      • Profile picture of the author Steve B
        It's called the Golden Rule . . .

        He that has the gold rules.

        Not saying it's right or fair or anything - it's just what it is.

        Steve
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        • Profile picture of the author goindeep
          I dont know about that Steve...
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          • Profile picture of the author Alex Blades
            Why should they share? they have to make up the money for all the people that lost money when their crappy ass stock went public
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            • Profile picture of the author TheEye
              Most people who create fan pages or groups do not do it for the money.

              Marketers represent a very small percentage of the people on Facebook.

              If Facebook is going to put money back into the community they are better off spending it in areas that benefit the majority of their users.

              Also any competent marketer who has a fan page or group with a large following, would be able to monetize all those eyeballs.

              Facebook provides a great platform for making money.

              I don't think Facebook owes me anything, as a matter of fact it is probably the other way round.
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              • Profile picture of the author pewpewpewmonkeys
                Those people are directly keeping users on FB
                lolwut

                Facebook is keeping users on Facebook.

                So then why is facebook not sharing ad revenue
                Why is Facebook running a business that makes money off people using a social media platform that they've created and maintained and not magically sharing revenue from that business with random people?

                Because they run a business... based on people using their social media platform.
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        • Profile picture of the author webrankingservices2000
          Banned
          Originally Posted by Steve B View Post

          It's called the Golden Rule . . .

          He that has the gold rules.

          Not saying it's right or fair or anything - it's just what it is.

          Steve
          It is actually harder to compete when you are not changing , Facebook is facing a lot of competition but still it is able to stand. That is what's known as Value and Quality of service.
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  • Profile picture of the author run
    Facebook sharing the space for the admin to hold that many of the fans. Because of Facebook, those admins could have many of the fans, too. Because of Facebook, those admins could indirectly make money with their fan pages.

    Because of Facebook not sharing the revenue with those admins, they could hold the millions of free accounts!
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    • Profile picture of the author goindeep
      Originally Posted by run View Post

      Facebook sharing the space for the admin to hold that many of the fans. Because of Facebook, those admins could have many of the fans, too. Because of Facebook, those admins could indirectly make money with their fan pages.

      Because of Facebook not sharing the revenue with those admins, they could hold the millions of free accounts!
      Yes but that's the same with anything online.

      My point is that the group and fan page administrators in most cases have spent a lot of money getting those fans and group m,embers and certainly in a lot of case (not all) those pages are not monetized or dont tie into a business of any sort. Think of all the funny groups and fan pages...

      Those people are directly keeping users on FB, are keeping them happy via content... its a 50/50. FB provide the tools the group admins manage the fans and the content.
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  • Profile picture of the author mrkitty
    Why would they share? Most of these people were already on Facebook. It's not like these millions of Facebook users would vanish if a fan page disappeared. They will still be on Facebook. Fan page owners better hope Facebook doesn't start charging them, lol.
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  • Profile picture of the author pewpewpewmonkeys
    What if you needed to have a Facebook account to buy a gallon of milk one day? Unlikely
    So very highly unlikely.
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  • Profile picture of the author goindeep
    Not sure what people are on about.

    Its called revenue sharing and lots of smart companies do it.

    Facebook does no favours for me so not sure why all the love for facebook... facebook does not help you connect to your family and friends... if you follow the money you will find out its the advertisers that do...

    facebook has been a money making venture ever since it was concocted...

    all I am suggesting is that they need to consider a revenue sharing model.

    And yes group managers and admin do keep user locked into facebook via the content. Facebook has absolutely no content of its own that it produces everything is created and shared by the users.

    Ive seen some fan pages with literally millions of fans, so why shouldn't the people that maintain those groups and pages be awarded for it?
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  • Profile picture of the author JasonBennet
    Facebook is big enough to wipe out any potential competitors it it wants to. Erm instead of worrying about this, why not just use their platform as a marketing platform where you get more exposure for your business.
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    • Profile picture of the author goindeep
      Originally Posted by JasonBennet View Post

      Facebook is big enough to wipe out any potential competitors it it wants to. Erm instead of worrying about this, why not just use their platform as a marketing platform where you get more exposure for your business.
      ermmm I do...

      ermmmm ermmmm this is a DISCUSSION forum...
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      • Profile picture of the author Lance K
        Devil's advocate...

        maybe users that expect revenue sharing are becoming greedy due to the gracious revenue sharing from other web properties.
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        • Profile picture of the author goindeep
          Originally Posted by Lance K View Post

          Devil's advocate...

          maybe users that expect revenue sharing are becoming greedy due to the gracious revenue sharing from other web properties.
          Haha nice .. and nice
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        • Profile picture of the author sethdrebitko
          They don't share revenue now, and it's already a spam shit fest. The real issue is people don't use facebook to make a buck they do it to connect with one another.

          That aside they aren't trying to prevent people from making money in anyway. Zynga (makers of Farmville) are making 100's of millions a year from purchases and advertisements in their games.

          When approaching Facebook in a profit seeking manor, you simply need to understand that they have hedged their profits on advertising; and they are willing to let you do that and more if you are willing to put the time in.
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        • Profile picture of the author digitalsapien
          Originally Posted by Lance K View Post

          Devil's advocate...

          maybe users that expect revenue sharing are becoming greedy due to the gracious revenue sharing from other web properties.
          Well that was something! LOL
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  • Profile picture of the author AndrewCavanagh
    This is an interesting topic because it brings up an interesting
    insight into the way people think about social media sites.

    The obvious answer is that the site is Facebook's and they can
    run it any way they want.

    But the reality is that Facebook is nothing without the efforts
    of all its users and the most active users have a high level of
    ownership on their pages and groups.

    They've worked hard to build those and feel like they should
    have some control.

    Smart people marketing on facebook are using it to drive traffic
    to their own sites and lists...it's a part of their overall strategy
    not their only strategy.

    Kindest regards,
    Andrew Cavanagh
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  • Profile picture of the author pewpewpewmonkeys
    Its called revenue sharing and lots of smart companies do it.
    Money is king. No one shares money without the hope of making more money. It would bring very little value to FB for the cost.

    Facebook does no favours for me so not sure why all the love for facebook
    FB owes you no favors.
    facebook does not help you connect to your family and friends
    Actually, that's exactly what FB does. And it's the primary function that most users use it for, not fan page content (which most of the time isn't original content)

    ... if you follow the money you will find out its the advertisers that do...
    No, advertisers do not "connect family and friends."

    facebook has been a money making venture ever since it was concocted...
    Which is wonderful. For Facebook. And there's nothing wrong with that.

    all I am suggesting is that they need to consider a revenue sharing model.
    Yes, but you're not saying how doing this would be of benefit to FB. You're just saying that it would be nice to you.

    Ive seen some fan pages with literally millions of fans, so why shouldn't the people that maintain those groups and pages be awarded for it?
    They are rewarded for it - by monetizing it and being allowed to do so.
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    Some cause-oriented hackers recently hacked one of my websites. So I researched what they're about and then donated a large sum of money to the entity they hate the most.

    The next time they hack one of my websites I'm going to donate DOUBLE.
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    • Profile picture of the author goindeep
      Originally Posted by pewpewpewmonkeys View Post

      Money is king. No one shares money without the hope of making more money. It would bring very little value to FB for the cost.


      FB owes you no favors.

      Actually, that's exactly what FB does. And it's the primary function that most users use it for, not fan page content (which most of the time isn't original content)


      No, advertisers do not "connect family and friends."


      Which is wonderful. For Facebook. And there's nothing wrong with that.


      Yes, but you're not saying how doing this would be of benefit to FB. You're just saying that it would be nice to you.


      They are rewarded for it - by monetizing it and being allowed to do so.
      Can you teach me how to quote please?
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  • Profile picture of the author arkina
    Because they don't have to. We will still use it anyway. It's a good marketing tool.
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  • Profile picture of the author brutecky
    Originally Posted by goindeep View Post

    Is it just me or is facebook a greedy little piglet?

    Some facebook fan pages and groups hold millions of responsive fans and many have hundreds of thousands of fans and group members.

    So then why is facebook not sharing ad revenue with the administrators of these pages and groups like some of the other web companies do?
    Wow Im sorry but this is about the most uninformed post ever. So much so that it borderlines on stupidity. (not saying the OP is stupid, just saying the post is)

    1) Lets get this out of the way first. Facebook is a for profit company with share holders to answer to.

    2) Please explain to me how those millions of responsive fans are generating income that did not originate with Facebook? It was Facebook that attracted them to become Facebook members, they didnt become members of of Facebook just to be come fans of the page.

    3) People who own those pages make money from the pages. They build there brand etc because of Facebook. They are generating revenue because of Facebook. Its unlike say YouTube where people come to YT to watch user generated videos (which is why Google shares rev with popular video producers). Its the other way around fan page owners have fans and generate revenue because Facebook has attracted people to the platform.

    4) In honesty if you want to think about it, Facebook should be charging for there service to business. Instead the give fanpages away, host you content, messages, videos, posts for free. They let you make apps for free. They give a LOT for free. Facebook is FAR from greedy.

    Before you go on a rant and start calling a company names think just a little before you speak.

    PS) anyone who is going to be really stupid and start saying what 'Facebook should do' had better first show me how they made there first BILLION dollars in Social Media before they where 25 years old. Until you can do that Im going to tend to believe that MZ knows a little more than you.
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    • Profile picture of the author goindeep
      Originally Posted by brutecky View Post

      Wow Im sorry but this is about the most uninformed post ever. So much so that it borderlines on stupidity. (not saying the OP is stupid, just saying the post is)

      1) Lets get this out of the way first. Facebook is a for profit company with share holders to answer to.

      2) Please explain to me how those millions of responsive fans are generating income that did not originate with Facebook? It was Facebook that attracted them to become Facebook members, they didnt become members of of Facebook just to be come fans of the page.

      3) People who own those pages make money from the pages. They build there brand etc because of Facebook. They are generating revenue because of Facebook. Its unlike say YouTube where people come to YT to watch user generated videos (which is why Google shares rev with popular video producers). Its the other way around fan page owners have fans and generate revenue because Facebook has attracted people to the platform.

      4) In honesty if you want to think about it, Facebook should be charging for there service to business. Instead the give fanpages away, host you content, messages, videos, posts for free. They let you make apps for free. They give a LOT for free. Facebook is FAR from greedy.

      Before you go on a rant and start calling a company names think just a little before you speak.

      PS) anyone who is going to be really stupid and start saying what 'Facebook should do' had better first show me how they made there first BILLION dollars in Social Media before they where 25 years old. Until you can do that Im going to tend to believe that MZ knows a little more than you.
      riiiight....

      Ill love to say 'I told you so' when they do open up a rev share scheme which they are already doinf with their mobile app credits... and are looking into expanding btw... oh but thats right, im just ranting....

      why wouldn't share holders want to expand FB's profit potential if they knew they could have hundreds of thousands of people help them make money...
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      • Profile picture of the author brutecky
        Originally Posted by goindeep View Post

        riiiight....

        Ill love to say 'I told you so' when they do open up a rev share scheme which they are already doinf with their mobile app credits... and are looking into expanding btw... oh but thats right, im just ranting....

        why wouldn't share holders want to expand FB's profit potential if they knew they could have hundreds of thousands of people help them make money...
        Well more power to you. But you just dont seem to get it. Pages dont generate income for Facebook for Facebook to share with the page owners. Im not sure why you think they do. As I said please tell me what revenue you seem to think that Facebook makes from a fan page that they would share with the page owners? The only way Facebook makes income from a fan page is if the owners choose to run ads or boost a post. Are you saying Facebook is going to share the income the generate with the people they generate it from?

        By the way Facebook I highly doubt that Facebook is going to be sharing mobile credits with anyone since the announced the impending removal of Facebook credits just about a year ago. Even so Facebook credits is by definition a rev share model where Facebook took 30% of the credit purchase price and the app creator / owner (credits where primarlly for apps) kept the other 70%. This is done because the people who have made the app are generating the revenue because they created the app. As I said fan pages DO NOT generate revenue for Facebook this way. Im not sure why you have such a hard time understanding that.
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        • Profile picture of the author goindeep
          Originally Posted by brutecky View Post

          Well more power to you. But you just dont seem to get it. Pages dont generate income for Facebook for Facebook to share with the page owners. Im not sure why you think they do. As I said please tell me what revenue you seem to think that Facebook makes from a fan page that they would share with the page owners? The only way Facebook makes income from a fan page is if the owners choose to run ads or boost a post. Are you saying Facebook is going to share the income the generate with the people they generate it from?

          By the way Facebook I highly doubt that Facebook is going to be sharing mobile credits with anyone since the announced the impending removal of Facebook credits just about a year ago. Even so Facebook credits is by definition a rev share model where Facebook took 30% of the credit purchase price and the app creator / owner (credits where primarlly for apps) kept the other 70%. This is done because the people who have made the app are generating the revenue because they created the app. As I said fan pages DO NOT generate revenue for Facebook this way. Im not sure why you have such a hard time understanding that.
          What? Are you high?

          Facebook doesnt make money from pages on groups or fan pages.... Oooo.... Kkkk.... then...
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          • Profile picture of the author brutecky
            Ok .. tell me how they make money from these things excluding the page owners choosing to place an ad (including promoting a post) .. I can see you getting a little upset because I said your OP was stupid ( I didnt mean that as an insult by the way, I say 2 stupid things a day probably, most everyone does) .. but really man you keep digging yourself into bigger and bigger hole.

            So heres your chance .. tell me how Facebook earns income from a fan page?
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            • Profile picture of the author goindeep
              Originally Posted by brutecky View Post

              Ok .. tell me how they make money from these things excluding the page owners choosing to place an ad (including promoting a post) .. I can see you getting a little upset because I said your OP was stupid ( I didnt mean that as an insult by the way, I say 2 stupid things a day probably, most everyone does) .. but really man you keep digging yourself into bigger and bigger hole.

              So heres your chance .. tell me how Facebook earns income from a fan page?
              Pearls at...

              go read how FB advertising works.
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  • Profile picture of the author hck1
    They may be in the process of sharing the revenue. Who knows?
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  • Profile picture of the author onlinesolutions1985
    That's Facebook because you're using their service and you got what you deserve as well its a win win solution actually.
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  • Profile picture of the author cjagodka
    Facebook has to make up for it's failing IPO!
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  • Profile picture of the author brutecky
    Really did you just suggest ads? You actually quoted my message, with me saying 'except ads' and in your response your answer is .. ads. LOL

    As I said several times in my posts Facebook makes No money from fan pages unless the page owner chooses to pay for an ad. And saying that Facebook should share ad revenue with the people who buy the ads is just silly. Thats like saying WalMart should share there income with me because I went shopping there the other day.

    There is no other income from a fan page that is generated for Facebook to share, which is why you cant list any.

    Im sorry man, not trying to be rude, but its quite obvouse that you really have no idea what your talking about. Thats not a bad thing in itself, but pretending you do is.
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    • Profile picture of the author goindeep
      Wow, your still upset you dont know how facebook advertising works and because you are claiming I have no idea, obviously you are correct...

      Normally I'd school you but because you are rude I wont throw any pearls your way. My advice is go use facebook as an advertiser and once you have spent a few thousand with them then come tell me they make no money from group or fan pages...

      Feel free to look into it, at least. Ill happily end the grudge match, just send me a PM if you like and ill show you how it works.

      Cheers.
      ---

      Didnt someone say earlier no one would compete with facebook? I'm 13 and None of My Friends Use Facebook

      How ridiculous.
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  • Profile picture of the author brutecky
    This thread is rapidly turning into a argument which is non productive. Im going to PM you though.

    Brett
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